time sensitive thank you

On February 1 st of the current year, Carroll Corporation borrows $37,000 from the bank in exchange for a 1 -year, 7% note payable The note matures on February 1 st the following year, in which principal and interest are due. Assume Carroll Corporation has a year-end of December 31 . What is Carroll Corporation's interest expense for the current year? \begin{tabular}{|c|} \hline$216 \\ \hline$2,374 \\ \hline$37,000 \\ $2,590 \\ \hline \end{tabular}